Based on the Commercial Register Law 3/74,
and Royal Decree 97/2020 Amending the Name of the Ministry of Commerce and Industry to the Ministry of Commerce, Industry, and Investment Promotion, Determining Its Competences, and Adopting Its Organisational Structure,
and in pursuance of public interest,
it is hereby decided
The provisions of the attached regulation shall apply in regard to the governance of the procedures for identifying the beneficial owner.
Commercial companies shall rectify their status in accordance with the provisions of the attached regulation within one month from the date of its entry into force.
This decision shall be published in the Official Gazette, and comes into force on the day following the date of its publication.
Issued on: 4 Jumada Al-Akhirah 1444
Corresponding to: 28 December 2022
Qais bin Mohammed bin Moosa Al-Yousef
Minister of Commerce, Industry, and Investment Promotion
Published in Official Gazette 1474 issued on 1 January 2023.
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